Posted by phil fernandez on April 28, 2000 at 08:03:30:
A few more thoughts on your duplex. Check to see what each side would rent for. Perhaps the $600 rent is below market. Maybe get a management company over to look at the units to see what market rents are. I am aware that you are in a hot market. Just don’t buy on the top of the market.
You do have a good point of practicing your negotiating skills on this one. Start low and ask for owner financing with a small down and work up a little from there if you have to. Make sure you do your homework and know your market.
Good luck and remember that this duplex is not the only one out there. As you mentioned there are others $30,000 to $40,000 less. Why not go in that direction.